Enterprise Financial Services Corporation - Common Stock (EFSC)
Competitors to Enterprise Financial Services Corporation - Common Stock (EFSC)
Bank of the Ozarks
Bank of the Ozarks, while primarily focusing on the Arkansas market, competes with Enterprise Financial Services by offering competitive rate products and innovative banking solutions. Its rapid growth and strong financial performance provide it a strong competitive position, allowing it to invest more in technology and customer service initiatives. This financial strength affords a degree of competitive advantage, particularly in larger lending scenarios.
First Mid Bancshares, Inc. FMBH +1.37%
First Mid Bancshares competes primarily in the same regional markets as Enterprise Financial Services, offering similar banking products such as commercial and retail banking services. Both companies focus on providing personalized customer service and robust financial solutions, targeting small to mid-sized businesses and individual consumers. The competition between the two is characterized by a strong emphasis on local community engagement and competitive lending rates, making their offerings highly comparable to local customers.
Heartland Financial USA, Inc. HTLF +0.00
Heartland Financial USA operates in similar markets and has a strategy focused on community banking and relationship-driven services, much like Enterprise Financial Services. However, Heartland’s acquisition strategy has led to larger asset growth and an expanded footprint which can offer enhanced financial products and services. This growth strategy gives Heartland a competitive advantage over EFSC in terms of market presence and resource allocation.
Midland States Bancorp, Inc. MSBI -0.54%
Midland States Bancorp competes with Enterprise Financial Services by diversifying its product offerings, including a strong presence in mortgage banking alongside traditional banking services. Both banks seek to capture a similar demographic of small businesses and community-oriented banking customers. Midland often leverages its larger asset base to provide competitive loan products and favorable interest rates, thereby posing a slight advantage over EFSC in larger deal scenarios.
WesBanco, Inc. WSBC +0.40%
WesBanco, while operating in overlapping geographical markets, distinguishes itself by having a more extensive branch network and a broader range of financial services, including wealth management and investment services. This allows WesBanco to reach a larger customer base and offer more comprehensive financial solutions, giving it a competitive edge in attracting clients who require more than just banking services. The company’s scale allows for efficiencies that Enterprise Financial Services may not match.